Friday, January 27, 2012

Malaysian Customs Collect RM30.4billion in 2011

Customs Dept breaks revenue record with RM30bil last year
27 January 2012

PETALING JAYA: The Customs Department broke its revenue collection record with RM30.4bil last year, the highest ever.

Its director-general Datuk Seri Mohamed Khalid Yusuf said the previous highest collection was in 2008 with RM28.6bil.

Last year’s collection was RM2.05bil or 7.24% more than what was collected in 2010.

“We are proud of this achievement and together with the help of the public and corporate citizens, we aim to collect more revenue for the Government so that it can continue with the nation building process,” he said at the national-level World Customs Day celebration.

Present at the event was Second Finance Minister Datuk Seri Ahmad Husni Hanadzalah.

Khalid said the five top contributors to the revenue collection were domestic excise duty (RM8.40bil), domestic sales tax (RM5bil), service tax (RM4.9bil), import sales tax (RM3.5bil) and excise duty for imported goods (RM3.1bil).

He added thst the top five commodities, which contributed to the department’s revenue collection last year were vehicles (RM10.6bil), cigarettes (RM3.4bil), crude oil (RM2bil), liquor (RM1.66bil) and telecommunication products (RM1.25bil).

“In 2011, our enforcement division seized contraband worth RM524.9mil and the amount we have managed to save in unpaid taxes was RM471mil,” he said.

Khalid said the department, which is an active member of the World Customs Organisation, had a close working relationship with its counterparts from other countries as well as local agencies and the private sector to facilitate trade and ensure safety of the supply chain.

He said the department was also involved in the free trade agreement (FTA) discussions Malaysia had with other nations, adding that current FTA talks were with Turkey, Australia, European Union and Organisation of Islamic Conference (OIC) member countries, among others.

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